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Reference: 540600

Level: College

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Short excerpt:

From the lists of tables provided by the Bureau of Economic Analysis, Table 2.1 shows the Personal Income and its Disposition ( HYPERLINK http//www.bea.gov www.bea.gov, 1). Nominal personal income for the first quarter of 2011 is 12,980 billion while nominal disposable income is 11,711.6 billion after deducting nominal or current personal taxes of 1,268.4 billion. Nominal personal consumption or personal consumption expenditures comprise the largest part of the personal outlays as it amounted to 10, 683.8 billion. The nominal personal savings or the amount left from the disposable income after deduction of the personal outlays is 663.6 billion.